i have 400.00 in a bank account and the bank pays me 6 1/2% interest, how much interest will i earn?

In a year --

400 * 0.065 = ?

(I love these old questions with such high interest rates.)

thank u soo much!! gotta few more for u to..

You're welcome. But please show us how you think the other problems should be solved.

To calculate the interest you will earn, you need to multiply the amount of money in your bank account by the interest rate.

In this case, you have $400.00 in your account, and the bank pays you 6 1/2% interest. To convert the mixed fraction into a decimal, you can write 6 1/2 as 6.5%.

To calculate the interest, you can use the following formula:

Interest = (Amount in account) x (Interest rate)

Substituting the values from your question:

Interest = $400.00 x 6.5%

To calculate 6.5% of $400.00:

Interest = $400.00 x 6.5% = $400.00 x 0.065 (since 6.5% is equivalent to 0.065)

Calculating the multiplication:

Interest = $400.00 x 0.065 = $26.00

Therefore, you will earn $26.00 in interest.